Microsoft has listed its cheapest phone for $8 million

Microsoft has listed the Lumia 520, a 4-inch mid-range Windows phone, on its website for almost $8 million (£5 million) with a link that directs to Walmart's site. Elsewhere the phone retails for around £89 ($140).

Business Insider

For ten thousand times the price of an iPhone 6S, the 520 doesn't seem like such a good deal.

The Lumia 520 was introduced in April 2013 and features a five megapixel camera, 512mb of RAM, and a 1,430mAh battery.

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Around the same time, Ferrari introduced the LaFerrari, a high-performance V12 hyper-car, which retails for around $1 million (£646,000) and seems like a steal when compared to the 520.

The posting is likely a mistake. Clicking through to the Walmart website reveals that the phone costs between $79.89 and $112.50 which forms $7,989,112.50 when formatted incorrectly.

Business Insider has reached out to Microsoft to ask about the price.